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Home » uniBank Case: ‘Not a single cedi has been recovered by Dr Ayine’ – Godfred Dame

Banking and FinanceEconomyGeneral newsGovernancePolitics

uniBank Case: ‘Not a single cedi has been recovered by Dr Ayine’ – Godfred Dame

Thepatriotnewsgh
Last updated: July 29, 2025 8:49 pm
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Former Attorney General and Minister of Justice, Godfred Yeboah Dame, has taken aim at his successor, Dr Dominic Ayine, over the decision to discontinue the high-profile criminal prosecution of defunct uniBank founder Dr Kwabena Duffour and seven others.

In a statement issued via Facebook on Tuesday, July 29, 2025, Godfred Dame criticised Dr Ayine’s use of a nolle prosequi, a formal notice to abandon prosecution, insisting that the move lacked transparency and legal grounding.

Dr Ayine, on July 28, 2025, had justified the decision by citing legal hurdles in pursuing the case and suggested that progress had been made in recovering assets belonging to the accused.

But Dame questioned those claims, accusing his successor of misrepresenting the facts.

“Dr Ayine ought not to mislead the public into thinking that through some unprecedented genius, he has recovered assets or money for the State,” Dame stated.

He argued that all relevant assets had already been traced and documented by Receivers appointed by the Bank of Ghana during the initial phase of the financial sector clean-up.

“The Receiver already had a full list and profile of assets owned by them. The record will reflect the fact that, to date, Dr. Ayine has not recovered a single cedi in the Unibank matter,” Godfred Dame claimed.

The former Attorney General further questioned the legality of relying on previously identified assets to offset debts, claiming the strategy lacks statutory backing.

“This arrangement is not pursued under any law. It is only pursuant to the exercise of Ayine’s power of nolle prosequi. He also cannot claim to have recovered for the Republic any money from the accused persons this year,” he pointed out.

Founder of the defunct uniBank and former Finance Minister Dr Kwabena Duffuor, was facing charges related to alleged financial misconduct and regulatory breaches that led to the collapse of the financial institution following a cleanup exercise by the Bank of Ghana in 2018.

The case was among several initiated as part of efforts to hold financial sector actors accountable.

Disclaimer: The content published on this website is for informational purposes only. The views, opinions, and positions expressed by individual authors or contributors are theirs alone and do not necessarily reflect those of [patriotnewsonline.com]. While every effort is made to ensure accuracy, [patriotnewsonline.com] does not assume any responsibility or liability for any errors, omissions, or outcomes resulting from the use of this information. Readers are advised to verify facts independently and seek professional advice where necessary.

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